Restructuring & Insolvency

Financial difficulties can require decisions to be made quickly by companies, boards, lenders, creditors, shareholders and investors. The available options may range from refinancing and negotiations with creditors to enforcement of security, formal reconstruction proceedings or bankruptcy.

The legal position will often depend on the company's financing and security structure, creditor priorities, available assets and the stage of the financial difficulties. For lenders and other creditors, early assessment of claims, security interests and enforcement options can be important. For companies and boards, the focus may instead be on liquidity, continued operations, refinancing and whether a viable restructuring can be achieved.

The articles in this section provide practical insight into Norwegian restructuring and insolvency law, enforcement and creditor rights. They also consider related issues such as distressed financing, debt-to-equity solutions, directors' responsibilities and the position of contractual counterparties when a business encounters financial difficulties.